201-205 BROAD STREET
NORTHEAST CORNER OF EAST GRAND STREET | ELIZABETH, NJ
LOCATION
201 Broad Street
LOT SIZE
6,879 sf
FRONTAGE
50 feet on Broad Street
108.7 feet on East Grand Street
PROJECTED
NOI
$277,650
PRICE
$3,400,000
CURRENT
TENANTS
T-Mobile (Cellular Plus),
Hairbraiding
BLOCK/LOT
9/84
ZONING
Commercial (4A)
BUILDING
SIZE
9,640 square feet
NEIGHBORING Bank of America, Blimpie,
TENANTS
Wells Fargo, Rite Aid,
Payless ShoeSource and
The Children’s Place
COMMENT
One block from
Elizabeth NJ Transit
train station
CONTACT EXCLUSIVE AGENT
BARRY FISHBACH 212.331.0115 | [email protected]
521 Fifth Avenue, Floor 7, New York, NY 10175 T 212.599.3700 | F 212.599.3744 | [email protected] | www.rkf.com
© 2015 RKF All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular
offerings imposed by RKF or principals, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections prepared by RKF with respect to future events, and these future events may or may not actually occur. Such
estimates and projections reflect various assumptions concerning anticipated results. While RKF believes these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct. Therefore, actual results may
vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate.
201-205 BROAD STREET
NORTHEAST CORNER OF EAST GRAND STREET | ELIZABETH, NJ
LEASE SUMMARY
TENANT
LEASE EXPIRES
VACANT - 205 BROAD STREET
PROJECTED
GROUND FLOOR
2,400 SF
CELLULAR PLUS - 201 BROAD STREET
8/16
GROUND FLOOR 1,240 SF
HAIRBRAIDING - 1213 EAST GRAND STREET
4/16
GROUND FLOOR 800 SF
VACANT - 1215 EAST GRAND STREET
PROJECTED
GROUND FLOOR
800 SF
VACANT - 1217 EAST GRAND STREET
PROJECTED
GROUND FLOOR 800 SF
VACANT - 201 BROAD STREET
PROJECTED
SECOND FLOOR 1,200 SF
VACANT - 205 BROAD STREET
PROJECTED
SECOND FLOOR 1,200 SF
VACANT - 201 BROAD STREET
PROJECTED
THIRD FLOOR 1,200 SF
SIZE
PER SQUARE FOOT
$45.00
$59.27
$29.50
$29.50
$29.50
$15.00
$15.00
$15.00
ANNUAL RENT
TOTAL
*Short Term Lease
REIMBURSEMENTS
TENANT
$108,000
$73,495
$23,600
$23,600
$23,600
$18,000
$18,000
$18,000
$306,295
TYPE
AMOUNT
CELLULAR PLUS
REAL ESTATE TAXES
WATER
INSURANCE
$10,208
$600
$1,640
HAIRBRAIDING
WATER
REAL ESTATE TAXES
$344
$3,267
TOTAL
$16,059
EXPENSES
TYPE
AMOUNT
REAL ESTATE TAXES
$35,883.24
INSURANCE
$7,100.00
WATER & SEWER
$1,720.00
TOTAL
PROJECTED NET INCOME
RENT
$44,703.24
$306,295.00
REIMBURSEMENTS
$16,059
ANNUAL EXPENSES
$44,703.24
PROJECTED NET OPERATING INCOME
$277,650
CONTACT EXCLUSIVE AGENT
BARRY FISHBACH 212.331.0115 | [email protected]
521 Fifth Avenue, Floor 7, New York, NY 10175 T 212.599.3700 | F 212.599.3744 | [email protected] | www.rkf.com
© 2015 RKF All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular
offerings imposed by RKF or principals, the terms of which are available to principals or duly licensed brokers. This information may include estimates and projections prepared by RKF with respect to future events, and these future events may or may not actually occur. Such
estimates and projections reflect various assumptions concerning anticipated results. While RKF believes these assumptions are reasonable, there can be no assurance that any of these estimates and projections will prove to have been correct. Therefore, actual results may
vary materially from these forward-thinking estimates and projections. Any square footage dimensions set forth are approximate.
201-205 BROAD STREET
201 Broad Street
Elizabeth, NJ
NORTHEAST CORNER OF EAST GRAND STREET | ELIZABETH, NJ
August 2014
AREA RETAIL
ACE
JULIAN PL
International Liquors
JJ Beauty
Hollywood Fried Chicken
CiCi Boutique
Wun Wu Restaurant
GQ Zone
Toys & Game Land
Stop Deli
Charms Discount
News Express
T
Image Mens Wear
EE
R
RAND ST
New Style Jewelry
WEST G
ERCE
E
PLAC
Elizabeth Station
COMM
Goodness Thrift Store
MMA Grocery
Judy Boutique
EAST
EET
D STR
GRAN
201 BROAD STREET
Bargain Man
UNION STRE
Expo 2000
Hosiery City
Beauty Fees Supply
Everything $1
Kids Place
Forever Girl
ET
Hall of Fame
Dollar Dynasty
Two Brothers
Best Way Electronics
Goldstar Jewelry
Unique Thrift Store
Shoppers World
Beauty Supply
Broad Electronics
Hot Spot
Cleopatra Jewelry
Kicks USA
Beauty Marketplace
HA
MP
EAS
TJ
ERS
Elizabeth Electronics
Danice
EY
TO
NP
LA
CE
STR
EET
ETHTO
WN PL
AZA
Fitted Caps
Victor's Footwear & Apparel
Macro
Star Fashions / Jewelry
Dollar Smart
Mike's Jewelry
ACE
CALDWELL PL
Parish House Church
TY 623
10 Spot
UNION COUN
$5 Shoe Factory
JEFFER
SON AV
ENUE
ELIZAB
S&A
Mr. Nice Guy Smoke Shop
Union County Savings Bank
Magic Sneaker
Bobby's Department Store
Workforce Advantage
All Style Jewelry
Broad Sneakers
Furniture Place
Top Design
Beauty Supply
Natural Nails
RS Kicks
DICKENSON
STREET
Miles
521 Fifth Avenue,
Floor 7, New
T 212.599.3700 | F 212.599.3744 | [email protected] | www.rkf.com
0
0.03 York, NY 10175
0.06
© 2015 RKF All information supplied is from sources deemed reliable and is furnished subject to errors, omissions, modifications, removal of the listing from sale or lease, and to any listing conditions, including the rates and manner of payment of commissions for particular
information
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